- Nik, Dj, Vix
- Oil, Gold, Bonds, Dollar,
- Nifty:24634.9/-19.8/-0.08%;Candle:OGU;Short day red; Bank Nifty:54461/71.65/0.08% Candle:OF;Doji ; HB:953;OGU;Short day green
- Analysis Trend(5Day):Nifty: ; BNF: , HB: ;RL; ;Iny: ;SenX; ;
- Nifty :Supp Rest
- Banknifty:Supp Rest .
- Gift Nifty:% FII Long16%FutCash;-2832;Opt77%
- OI data Nifty ( max pain WM)
- OI data Bank Nifty (max pain W M)
- News:
- Events/Results:Stocks added to F&O ban: Sammaan Capital
- Stocks retained in F&O ban: RBL Bank
- Stocks removed from F&O ban: Nil
- Market wrap up(DWM,T,N,E):
The Nifty 50 closed moderately lower after a volatile session ahead of the monthly F&O expiry due on September 30, extending its downward move for the seventh consecutive session on September 29. Bearish sentiment clearly prevailed; however, there is a possibility of consolidation before a firmer directional move. The index defended the 24,600 level for another session, which now acts as immediate support, followed by 24,500 (upward-sloping support trendline) and 24,400 (200-day EMA). On the upside, the hurdle is placed in the 24,800–24,900 zone, according to experts. The Nifty 50 formed a bearish candle with an upper shadow on the daily timeframe amid above-average volumes, indicating persistent weakness in the market. The index remained below the 20-, 50-, and 100-day EMAs, as well as below the midline of the Bollinger Bands. The MACD is inching down toward the zero line with a negative crossover, and the histogram reflects further weakness. The RSI stayed below the 40 level, at 38.79. All these indicators point to sustained bearish momentum. The banking index formed a Doji candlestick pattern on the daily timeframe, signaling indecision between bulls and bears. The appearance of this pattern after a sharp downtrend often suggests a potential trend reversal, though confirmation is awaited in the coming sessions. Overall, the sentiment remains bearish, as the index traded below the 20-, 50-, and 100-day EMAs. The MACD is on the verge of a bearish crossover, with the histogram falling below the zero line. Meanwhile, the RSI stood at 42.15, showing a slight upward inclination but sustaining a negative crossover. All of this indicates that bearish pressure may persist unless a reversal is confirmed.
